Proposition 8, passed in November 1978, amended Proposition 13 to reflect declines in property value. Proposition 8 reductions are temporary reductions which recognize the fact that the current market value of a property has fallen below its current factored Proposition 13 base year value.
Anyone who has purchased Ventura County real estate in the last few [...]
Entries Tagged as 'Real Estate Taxes'
Proposition 8 May Offer Tax Relief for Some Ventura County Homeowners
June 22nd, 2008 · No Comments · Real Estate, Real Estate Taxes
Tags:Prop 13·Prop 8·property taxes
Ventura Seller Surprised by Supplemental Property Tax Bill…
May 2nd, 2008 · No Comments · Real Estate, Real Estate Taxes
…Nearly Two Years after Sale!
The best escrow is a closed escrow. Job well done…satisfied clients…all is well and it’s time to focus on the next one. Sometimes, though, like a zombie from a B-movie, a closed escrow will not die requiring some extra attention to put things right.
This particular example starts with a panicked phone [...]
Tags:Property Tax·Supplemental Property Tax·Ventura Real Estate
What the PTF***?
April 8th, 2008 · No Comments · Real Estate, Real Estate Taxes
(This article was written by my fellow agent and collegue at RE/MAX Gold Coast REALTORS , Janet Dorsey.)
In a previous post titled “Private Transfer Fees—A Hidden Tax”, I described Private Transfer Taxes or Private Transfer Fees, as they are now called. The California Association of REALTORS (C.A.R.) coined these terms, but don’t expect that wording [...]
Tags:Property Tax

